Samsung Heavy bags single LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries will build one liquefied natural gas (LNG) carrier as part of a new deal revealed on Friday.

Samsung Heavy said in a statement the contract has a price tag of 244.8 billion won ($207 million).

The yard said it would build the LNG carrier for an Oceania-based owner.

Samsung Heavy added it would deliver the ship by May 2025, but it did not reveal any additional information regarding the contract.

Including the newest deal, the shipbuilder won orders worth $12 billion so far this year, surpassing its annual target of $9.1 billion by about 32 percent. This includes orders for 21 LNG carriers.

This new contract follows an order for three LNG carriers Samsung Heavy revealed earlier this week.

Most Popular

Italy’s Eni to join YPF’s Argentina LNG project

Eni's CEO, Claudio Descalzi, and the CEO of YPF, Horacio Marín, signed the memorandum on Monday to evaluate Eni's...

NextDecade, TotalEnergies seal 20-year LNG SPA

French energy giant TotalEnergies has exercised its option to buy liquefied natural gas (LNG) from the planned fourth train at NextDecade's Rio Grande LNG facility in Texas.

YPF expects more supermajors to join Argentina LNG project, CEO says

Argentina’s state-owned oil and gas company YPF expects more supermajors to become equity partners in the planned Argentina LNG project following a deal with Shell, according to CEO Horacio Marin.

More News Like This

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Wan Hai Lines to switch methanol containership order to LNG fuel

Taiwan's Wan Hai Lines is working on switching an order placed in South Korea last year for eight methanol-powered containerships to LNG fuel, according to shipbuilding sources.